The Clean Power Plan is the centerpiece of Obama’s Climate Action Plan. It was announced in June 2013, and complies with his more recent pledge to the U.N. that the U.S. will cut its carbon emissions by as much as 28 percent from 2005 levels by 2025.
The plan is a disaster on so many levels, the most important of which is that it will kill jobs (and the U.S. labor participation rates already at disastrous low levels). The US economy will find it hard recover from these regulations. The EPA rule is looking to replace cheap energy with more expensive alternate energy, it will not only raise the cost of energy for the individual households, but will raise the cost of goods for companies marketing their products resulting in higher costs for all products, but especially staple goods. Overall the Obama created rise in the price of energy and resulting rise in the price of consumer goods, will place the heaviest burden on middle and lower economic class families. And that doesn’t take into account that the rule deals another Obama blow against the business resulting in more unemployment, government costs, and energy price inflation.
The Washington Examiner is reporting that over half of the states are suing to prevent implementation of this oppressive rule:
Twenty-six states’ attorneys general and utility regulators, as of Monday, are suing the administration, with 15 trade groups, labor unions and a host of individual utilities and companies.
Continues on TheLid